N100 received from Laifat was entered on the payments side of the cash book with the double-entry completed in her account. The correcting journal entries are?

By: |Published on: Aug 19|Categories: Accounting WAEC| 0 comments

A. debit Latifat’s account, credit cash book with N100
B. credit Latifat’s account, debit cash book with N100
C. credit Latifa’s account, debit cash book with N200
D. debit Latifat’s account, credit cash book with N200
E. credit Latifat’s account, debit Suspense account with N200

Correct Answer:

Option C – credit Latifa’s account, debit cash book with N200

Users Also Read These:

SEE ALSO  The directors' salaries paid are items of?

Copyright warnings! Do not copy.